DTE Energy (DTE) FY2015 results: revenue $10.3 billion, down 16.0% on the year
DTE Energy Co. (DTE) reported revenue of $10.3 billion for fiscal 2015, the year ended 31 December 2015, down 16.0% on the year before. Net income was $727 million, down 19.7%, and diluted earnings per share $4.05. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2016.
Revenue
$10.3 billion
-16.0% on the year
FY2010FY2015
Operating margin
12.0%
12.9% a year earlier
FY2010FY2015
Net income
$727 million
-19.7% on the year
FY2010FY2015
Diluted EPS
$4.05
-20.6% on the year
FY2010FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
10,337
12,301
9,661
-16.0%
Operating income
1,239
1,590
1,203
-22.1%
Operating margin
12.0%
12.9%
12.5%
Interest expense
450
429
436
+4.9%
Pre-tax income
950
1,275
922
-25.5%
Income tax
230
364
254
-36.8%
Effective tax rate
24.2%
28.5%
27.5%
Net income
727
905
661
-19.7%
Net margin
7.0%
7.4%
6.8%
Diluted EPS
$4.05
$5.10
$3.76
-20.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,916
1,845
2,154
+3.8%
Cash from investing
-2,204
-2,060
-1,906
Cash from financing
277
211
-261
+31.3%
Depreciation and amortisation
852
1,145
1,094
-25.6%
Share-based compensation
n/a
n/a
99.0
Buybacks
0.0
52.0
0.0
Dividends paid
501
470
445
+6.6%
Dividend per share
$2.84
$2.69
$2.59
+5.6%
Diluted shares, weighted
179m
177m
175m
+1.1%
Shares outstanding at period end
179m
177m
177m
+1.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
8,772
8,327
7,921
+5.3%
Non-controlling interest
23.0
15.0
33.0
+53.3%
Short-term borrowings
499
n/a
n/a
Debt
9,300
9,015
8,243
+3.2%
Other liabilities
10,068
10,470
9,738
-3.8%
Total liabilities and equity
28,662
27,827
25,935
+3.0%
Fixed assets
18,034
16,820
15,800
+7.2%
Goodwill
2,018
2,018
2,018
0.0%
Intangible assets
89.0
111
134
-19.8%
Investments
1,936
1,869
1,794
+3.6%
Cash and equivalents
37.0
48.0
52.0
-22.9%
Receivables
1,276
1,504
1,542
-15.2%
Other assets
5,272
5,457
4,595
-3.4%
Total assets
28,662
27,827
25,935
+3.0%
10-K for the year ended 31 December 2015, filed 10 February 2016: the filing.